Technology Report: IBM ditches 2015 operating EPS target, shares slump 7 percent

	Click to View in Browser 10/20/2014 IBM ditches 2015 operating EPS target, shares slump 7 percent (Reuters) - International Business Machines Corp IBM.N reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. Marc Andreessen quits eBay board ahead of PayPal spinoff (Reuters) - Venture capitalist Marc Andreessen said he was quitting EBay Inc's board following the online retailer's decision last month to spin off its electronic payment unit, PayPal. BlackBerry shares up after unconfirmed report on possible Lenovo bid TORONTO (Reuters) - BlackBerry shares rose more than 3 percent on Monday after a news website said Chinese computer maker Lenovo Group might offer to buy the Canadian technology company. IBM to pay Globalfoundries $1.5 billion to take chip unit (Reuters) - IBM Corp said it would hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc to focus on cloud computing and big data analytics. Faster 'cloud' orders for SAP hurt 2014 profit outlook FRANKFURT (Reuters) - German software maker SAP cut its 2014 operating profit forecast on Monday as customers shifted faster than expected to products delivered over the Internet, delaying when those orders can be booked as sales. Facebook sues lawyers for pursuing dubious Ceglia lawsuit NEW YORK (Reuters) - Facebook Inc and Chief Executive Mark Zuckerberg have sued several lawyers who have represented Paul Ceglia, claiming they helped the upstate New York entrepreneur pursue a fraudulent lawsuit to extort a 50 percent stake in the social networking company. CEO says no gender pay gap at Microsoft SAN FRANCISCO (Reuters) - Satya Nadella, the Microsoft Corp Chief Executive who ignited a firestorm of protest earlier this month by suggesting women should not ask for pay raises, said on Monday that men and women are paid equally at his company. Wall Street urges U.S. regulators' joint cybersecurity approach WASHINGTON (Reuters) - Wall Street's top trade group is calling for the creation of a new inter-agency working group of regulators and the White House that would be tasked with developing consistent cybersecurity rules for the financial industry. Mitel goes public with $540 million offer for ShoreTel (Reuters) - Canadian telecommunications provider Mitel Networks Corp made public its about $540 million offer for smaller U.S. peer ShoreTel Inc. New apps bring kids' playtime back to real world TORONTO (Reuters) - Parents eager to get their children away from television and video screens can turn to new apps that get youngsters to learn while playing in the real world. Related Video Japanese scientists unveil floating 3D projection Microneedle patch promises painless pricks Mediafile A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend